Lower
in sentence
4416 examples of Lower in a sentence
The large tax cut enacted at the end of 2017 will expand the US federal budget deficit by $1.5 trillion over the next decade, pushing domestic saving even
lower
– an outcome that will lead to even wider trade deficits.
If the growth trend is one percentage point
lower
– a distinct possibility in an era of protracted consumption weakness – budget deficits would be a significantly higher.
But actual disbursements may have fallen short of the original plans, meaning that these countries’ debts to China are
lower
than estimated.
It absorbs, at
lower
levels, some of the effects of such change, even disposes of them.
Lower
demand could, in turn, cause the fall in prices to accelerate, sending prices into a dangerous tailspin.
For starters, a phenomenon known as premature deindustrialization is taking hold, with manufacturing growth in developing countries peaking at much
lower
levels of income than in the past.
Then it seemed that the rescue packages were pushing the spreads to much
lower
values, but optimism faded as European leaders’ interpretation of the crisis sunk in with more and more market participants.
The eurozone technically emerged from recession, the unemployment rate in the United States was
lower
than in previous years, and Japan began to stir after a long slumber and the negative shock of the earthquake and tsunami in 2011.
And GDP in some countries, like France and Sweden, grew at rates
lower
than population growth, implying that per capita income declined.
The “yes” campaign hoped to win supporters with a utopian vision of an independent Scotland that included European Union and NATO membership; a currency union with England, but no fiscal union; improved public services and social benefits; and
lower
taxes.
At the same time, emerging-market growth should start to become less sensitive to US interest rates and the dollar,given
lower
external borrowing needs, the relative lack of borrowing in dollars specifically, and reduced dependence on commodity exports.
Second, weaker potential growth – the counterpart to
lower
equilibrium interest rates – has created fertile ground for populism in countries lacking robust institutions.
So, while risks may be
lower
on average for emerging markets, this tail risk remains high.
But with the growth potential now lower, political sensitivities to exchange rate-driven adjustments are more pronounced.
Despite
lower
potential growth and equilibrium interest rates in developed economies, average absolute returns for emerging markets may be no
lower
than in the past.
Lower
potential growth also raises the risk of populist policies, which would most likely have to be offset with higher spreads.
And lowering the rates that government pays has not translated into correspondingly
lower
interest rates for the many small firms struggling for financing.
Whether one views this as currency manipulation or as an accidental by-product of
lower
interest rates is irrelevant.
The fact is that a weaker dollar resulting from
lower
interest rates gives the US a slight competitive advantage in trade.
There are many reasons why the bubble has burst, and why gold prices are likely to move much lower, toward $1,000 by 2015.
But other real assets can provide a similar hedge, and those tail risks – while not eliminated – are certainly
lower
today than at the peak of the global financial crisis.
Many of the real challenges to American power are coming not on the upper military board, on which the unilateralists concentrate, but on the
lower
transnational board.
But almost all economic models imply that a cut in expenditures today should lead to higher GDP in the long run, because it allows for
lower
taxes (and thus reduces economic distortions).
First, in countries where early fiscal austerity is necessary to prevent a fiscal crisis, monetary policy should be much easier – via
lower
policy rates and more quantitative easing – to compensate for the recessionary and deflationary effects of fiscal tightening.
The likelihood of ethnic fragmentation is
lower
than in Soviet days, but it still remains a problem in the Caucasus.
And slower growth means
lower
revenues, which imply larger deficits and heavier debt burdens – at which point, as Wolfgang Munchau of the Financial Times and others have stressed, the entire belt-tightening exercise begins to look self-defeating.
Skeptics will reply that Europe is not Latin America, and that the interest rates levied on European governments today are much
lower
than what Argentina or Mexico had to pay back then.
They involve tradeoffs: some may lead to higher inflation but
lower
unemployment; some help investors, others workers.
But the military pays disability benefits that are markedly
lower
than the value of lost earnings.
Intervention costs have been limited so far, owing to uncertainty in Europe, capital controls, and
lower
interest rates at home.
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